Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (22510)	3/18/1998 11:03:00 PM
From: James F. Hopkins	Respond to of 97611

Challo; ya options cost just about every one who fools with them, at least early on..you show me someone who said he never lost money on options and IT'L only be because he never played them much, or he is lying..you don't figure them out all that good as you frist think when you start..a little luck can just set you up. The bookies make money as they get the spread, and commissions, but only about 15% of the buyers make any thing. The ones who write options learn to reduce risk using them, like you see a stock you want, and are about to buy, but instead of just jumping in full tilt at the going price you sell puts..either way if you were going to buy anyway..you either get her cheaper or use the put money to buy some with, I try not to buy all I want at one time..like never more than half at a time of what I think I would like to have. I've had to average down to often to go full speed from the get go. It's easyer to pick a bottom than a top..falling knives are not as bad as being short and haveing a rocket go off in your rectom...<G> A stock can only go to zero..but they can sure can more than double..and that's why falling knives are better bets than calling tops. Jim Jim